#DeFiGetsGraded

Decentralized Finance (DeFi) Protocol! 🚀

In a groundbreaking move, Standard & Poor's Global has granted its first-ever credit rating to a decentralized finance (DeFi) protocol - Sky - awarding it a rating of B-. This historic event signifies the increasing institutional recognition of DeFi's potential and may open the door for more traditional financial entities to enter the decentralized space.

By introducing established frameworks for risk assessment, credit ratings like these can provide greater transparency and security, encouraging cautious institutional investors to engage in DeFi systems.

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